Two Harbors Investment (NYSE: TWO) reported Q2 EPS of $0.39, $0.03 worse than the analyst estimate of $0.42.

Quarterly Summary

• Grew book value to $14.17 per common share, representing a 5.4% quarterly total return on book value.(1)
• Generated Comprehensive Income of $201.0 million, or $0.74 per weighted average basic common share.
• Reported Core Earnings, including dollar roll income, of $106.0 million, or $0.39 per weighted average basic common share, representing a return on average common equity of 11.1%.(2)
• Closed first MSR securitization of $400 million 5-year term notes with attractive terms.

“Our strong return on book value was driven by our acute focus on portfolio positioning and hedging,” stated Thomas Siering, Two Harbors’ President and Chief Executive Officer. “Additionally, improvements in financing continue to present a long-term opportunity for our business. This quarter we completed our first MSR securitization, which has attractive terms and is scalable.”

For earnings history and earnings-related data on Two Harbors Investment (TWO) click here.